• From 2009 till 2018 stock completed its 9 years of bull cycle & since 2018 stock is trading in bear cycle.
• From low of 39 till high of 600 (2009 to 2018 move) we got wave-1. (9 years of bull cycle move)
• From high of 600 still wave-2 correction is going on which can go downside towards 110 to 70 levels and anywhere between this support zone it may complete its long term wave-2.
• This alternative view comes in action if stock breaks 125.50
• If stock does not break 125.50 then we have to assume that long term wave-2 done & long term wave-3 started.